About legal frameworks
Postage, water supply, roads, electricity, broadcasting. Each of them has become crucial to a modern economy and needed new legislation to fully expand. Your country has a legal framework that underpins and regulates all these facilities.
That doesn’t mean government runs broadcasting. But does give benefits to, and demand obligations from, the companies that do.
You may believe the private sector could just get on and deliver all the potential of these technologies by itself? That’s true of most facilities we use, but not all. Let’s take one example. Ask yourself: why should government be involved in my country’s money supply? It’s fundamental to our economic system, but it only requires pieces of paper and bits of metal. Anyone could mint the stuff. Why shouldn’t we have multiple competing currencies within my country, then the market can decide which ones succeed?
Legal frameworks
